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Structural models of the wage curve estimated by panel data and cross-section regressions

Gerba, Eddie, Pikoulakis, Emmanuel V. and Wisniewski, Tomasz Piotr (2014) Structural models of the wage curve estimated by panel data and cross-section regressions. MPRA paper (53975). Munich Personal RePEc Archive (MPRA), Munich, Germany.

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Abstract

Introducing equilibrium unemployment to the solution of the intertemporal allocation of non-leisure time, we derive two wage-setting models which we estimate by panel data and cross-section regressions applied on aggregative data. The results support the empirical relation known as the wage-curve, thus enriching and strengthening the microfoundations of that relation.

Item Type: Monograph (Working Paper)
Official URL: http://mpra.ub.uni-muenchen.de/
Additional Information: © 2014 The Authors
Divisions: European Institute
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E22 - Capital; Investment (including Inventories); Capacity
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E23 - Production
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation)
Sets: Departments > European Institute
Collections > Economists Online
Date Deposited: 04 Apr 2014 09:28
Last Modified: 05 Sep 2020 23:07
URI: http://eprints.lse.ac.uk/id/eprint/56395

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